Report Names Shenzhen #1 'Super Smart City'
17 Jul 2019
According to Deloitte's 'Super Smart City' report, Europe and America are leading the world in terms of urbanization, thanks to their first mover advantages. While in Asia, specifically China, the government has been largely promoting urbanization strategy for years, which helps China achieve the highest urbanization growth rate globally and a vast space for development in the future.
To address the challenges brought about by urbanization, countries around the world have been making significant investments in the construction of smart cities for over a decade. The amount of investment has been on the increase year over year, and is expected to reach the height in the coming five years, especially in Asian countries, given their late-mover advantages which provided them plenty of room for development in smart cities.
In 2010, China launched its smart city development plan, designating Wuhan and Shenzhen as the pilot cities in the smart city program. In October, 2013, The China Smart City Industry Alliance was established under the Ministry of Industry and Information Technology of China. During the 12th Five-year Plan, the total investment in the smart city program in China amounted to RMB500 billion. In contrast, it wasn't until 2015, that the United States 2015 proposed a new smart city initiative which actively planned the design of smart transportation, smart grids and smart broadband with an investment of USD160 million made to promote the smart city program.
Today, there are over 1,000 smart city projects ready or under construction worldwide, where Europe, North America, Japan and South Korea are the leading regions in smart city development. In terms of number of smart city projects under construction, China is ranked first with its 500 pilot cities. They have also formed numerous smart city clusters in the Yangtze River Delta and Pearl River Delta.
Compared to traditional smart cities, new-style super smart cities cover six sectors going beyond the traditional construction of smart cities, making better use of AI and data, and relying more on smart decisions to reduce human intervention and enable different sectors to be more open and integrated.
Among the super smart city rankings, Shenzhen ranks number one. Four first-tier cities rank top with absolute superiority in four core areas; 15 developed second-tier cities are in fierce competition; and cities in the third rank still have room for improvement
"Super Smart City – Happier Society with Higher Quality" is jointly authored by Deloitte Public Sector, TMT Industry and Deloitte Research. Globally, urbanization has varying impact on urban economy, resource utilization, life quality, time cost and sustainable development.
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